Techmeme

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Eric Newcomer / Bloomberg:
Sources: Uber adds Nestlé executive and Alibaba board member Wan Ling Martello to its board, after Holder probe recommended more independent directors   —  Company adds Martello, a Nestle exec and Alibaba board member  —  Independent probe recommended more independent directors
Jun 12, 2017, 2:30 PMIn context
Lucas Shaw / Bloomberg:
Music rights agency Merlin distributed $353M to its member indie labels, up 52% YoY, with most of the growth coming from streaming services   —  Thanks to streaming, Merlin sees 52 percent jump in sales  —  Streaming services helping indies reach global listeners
Jun 12, 2017, 6:20 AMIn context
Pavel Alpeyev / Bloomberg:
Japan passes law legalizing Airbnb, limiting stay in private homes to 180 nights a year and requiring hosts to register with local governments   —  The law limits stay in private homes to 180 nights a year  —  Airbnb hosts will have to register with local governments
Jun 9, 2017, 11:25 AMIn context
Margaret Cronin Fisk / Bloomberg:
DoJ hits Dish with record $280M fine for illegal robocalls to people on Do-Not-Call lists; Dish will appeal, blaming contractors for 90%+ of bad calls   —  More than $1 billion penalties were sought in Illinois trial  —  Company blamed contractors, subcontractors for most bad calls
Jun 8, 2017, 11:55 PMIn context
Bloomberg:
Sources: Tim Cook, Satya Nadella, Jeff Bezos, Safra Catz, other tech execs, to visit White House June 19 for first meeting of The American Technology Council   —  Meeting at White House comes despite Paris climate discord  —  Trump-created council given goal of modernizing government
Jun 8, 2017, 7:40 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba forecasts 45% to 49% revenue growth in fiscal year 2018 compared to 35% in average analyst estimates   —  The internet titan is predicting a rise of up to 49% this year  —  Cloud, media and marketing will drive revenue expansion  —  Alibaba Group Holding Ltd. shares rose …
Jun 8, 2017, 1:40 PMIn context
Bloomberg:
Pinterest raises $150M from existing investors at the same share price as two years ago, now valued at $12.3B   —  Company valuation rises to $12 billion due to increase in total number of shares.  —  Pinterest Inc. raised $150 million in venture funding from a group of existing investors …
Jun 6, 2017, 3:23 PMIn context
Eric Newcomer / Bloomberg:
Source: Uber harassment findings result in 20+ fired after 215 claims investigated; a separate Eric Holder-led probe has sent recommendations to board   —  Uber Technologies Inc. told employees that more than 20 people have been fired after a company investigation into sexual harassment claims …
Jun 6, 2017, 1:43 PMIn context
Joshua Brustein / Bloomberg:
How some Silicon Valley firms like Cisco rely heavily on Indian IT firms to staff up; Cisco lobbied for H-1B expansion amid several rounds of layoffs   —  Indian companies are applying for a lot of visas for workers to fill jobs at the headquarters of American tech companies
Jun 6, 2017, 1:15 PMIn context
Bloomberg:
Riot Games announces franchising of North American League of Legends Championship Series, with $10M buy-in per team   —  Price of a League of Legends team is up tenfold in 18 months  —  New ten-team structure designed to create financial stability  —  Over the last several years …
Jun 5, 2017, 8:20 AMIn context

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